BOME: The Meme Token Market's Newest Sensation
The launch of BOOK OF MEME (BOME) by artist Darkfarms has set social media ablaze, marking an unprecedented surge in its value. Within a mere three hours post-launch, the token's price catapulted by twenty times, with its market capitalization breaching the $80 million mark. Let’s discover the ethos and origins of this project.
The Meteoric Rise of BOME
One plausible reason for BOME's rapid ascent is the creator's esteemed reputation. Darkfarms has been a notable presence in the digital realm, especially with the launch of the popular NFT series Pepe two years ago, based on artwork by Matt Furie.
Yet, Darkfarms' acclaim doesn't stop with the iconic NFT frog; his portfolio is extensive and varied, a testament to his broad creative reach, as seen on his official tokenized artwork sales website.
Notably, the floor price of his prior Pepe NFT collection surged from approximately 0.047 ETH to 0.2 ETH in the wake of BOME's launch, securing Darkfarms a double victory.
Insights on acquiring NFTs at sub-floor prices have also been featured in our dedicated article.
Yet, Darkfarms' acclaim doesn't stop with the iconic NFT frog; his portfolio is extensive and varied, a testament to his broad creative reach, as seen on his official tokenized artwork sales website.
Notably, the floor price of his prior Pepe NFT collection surged from approximately 0.047 ETH to 0.2 ETH in the wake of BOME's launch, securing Darkfarms a double victory.
Insights on acquiring NFTs at sub-floor prices have also been featured in our dedicated article.
Pepe the Iconic Frog. Source: knowyourmeme.com
Another pillar of the project's success is its innovative concept. BOME transcends being merely a meme token; it's a key component of a "renewable e-magazine" and a multifaceted meme creation toolkit. The BOOK OF MEME features an extensive library of memes under the CC0 license, effectively relinquishing copyright to the community, thereby making it freely available for everyone's use. This positions the BOOK OF MEME as not only a repository and exchange platform for memes but also as the foundation for a decentralized social network.
This initiative paves the way for BOOK OF MEME to evolve into a meme exchange and storage platform, while also laying the groundwork for a decentralized social network.
BOME quickly won the support of the fervent Pepe Meme community, a vast and active cohort that played a crucial role in propelling the project's prominence in both Chinese and British markets.
The momentum generated by the existing popularity of Dogecoin and Shiba Inu pushed the newcomer further, allowing it to reap the benefits of the prevailing meme hype.
The momentum generated by the existing popularity of Dogecoin and Shiba Inu pushed the newcomer further, allowing it to reap the benefits of the prevailing meme hype.
Lastly, the overarching Solana platform trend provided a fertile ground for BOME's launch, making it yet another success story aboard the blockchain's fast-moving train.
The success recipe for BOME is straightforward yet potent: a blend of established credibility, impeccable timing, and strategic positioning.
The Swift Rise of BOME. Source: coinmarketcap
Acquiring BOME and Its Prospective Horizon
Darkfarms announced the BOOK OF MEME project on March 10, 2024, alongside a sneak peek of its collection. The project's core philosophy was shared on March 12 through his X-account.
A presale followed on March 13, targeting SOL holders for participation. Prospective buyers were instructed to send SOL to a designated Solana address to receive BOME tokens. The presale's pricing strategy was unique, with the quantity of BOME allotted to each purchaser directly proportional to the amount of SOL contributed. For example, the participant shatter.sol invested 50 SOL, securing 170.25 million BOME tokens in exchange.
On its official launch day (March 14), BOME was listed on several DEX and CEX platforms and is now available for acquisition on:
In BOME's context, the usual metrics for project analysis take a backseat to the impeccably executed marketing strategy and the anticipation it built among potential buyers, culminating in a widespread FOMO.
- BingX
- HTX
- Raydium
- Gate.io.
- MEXC
- KuCoin
- ByBit
- Bitrue
- Crypto.com
In BOME's context, the usual metrics for project analysis take a backseat to the impeccably executed marketing strategy and the anticipation it built among potential buyers, culminating in a widespread FOMO.
Whether BOME will sustain its market presence and echo the success of BONK remains to be seen. Nonetheless, it serves as a reminder of Vitalik Buterin's advice: invest not merely in memes but in ventures with tangible solutions and real-world applicability.
